LAKEPLACE FOUNDATION (EIN 920913761) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

DENNIS MEDVED

Phone

2189109520

Tax Period

2024-01-01 to 2024-12-31

LAKEPLACE FOUNDATION, founded in 2022, is a small nonprofit in the Mental Health sector that reported $109K in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 47% operating margin.

Mission

TO PROVIDE RECOVERING CHEMICALLY DEPENDENT INDIVIDUALS AND FAMILIES A NO COST, SCENIC AND RELAXING LOCATION WITHOUT THE TEMPTATION TO ENGAGE IN CHEMICAL USE TO PARTICIPATE IN SMALL GROUP PROGRAMMING, TAKE SAFE RESPITE FROM INPATIENT AND OUTPATIENT PROGRAMS, REBUILD DAMAGED FAMILY BONDS, AND STRENGTHEN RELIGIOUS AND SPIRITUAL BELIEFS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,624

Program Service Revenue $0

Investment Income $105,429

Other Revenue $0

TOTAL REVENUE $109,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,835

Fundraising Expenses $702

Program Expenses $1,149

Other Expenses $41,687

TOTAL EXPENSES $57,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,053	$54,688	+1.0%
Expenses	$57,522	$47,317	+0.2%
Net Income	$51,531	$7,371	+6.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS MEDVED	President	1.00	Officer Director	$0	$0	$0
SANDRA HARLING	SECRETARY/TREAS	1.00	Officer Director	$0	$0	$0
PETER MEDVED	Vice President	1.00	Officer Director	$0	$0	$0
ERNEST MILLER	Director	1.00	Director	$0	$0	$0
LEANEL JOHNSON	Director	1.00	Director	$0	$0	$0
JOAN DRAPPEAU	Director	1.00	Director	$0	$0	$0
JAY JORDAN	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$109,053	$57,522	$2,960,815	$51,531
2023	$54,688	$47,317	$2,898,773	$7,371
2022	$3,000,000	No data	$3,000,000	No data
2022	$3,000,000	$108,598	$3,000,000	$2,891,402

LAKEPLACE FOUNDATION